Zeta, digital payments platform, is planning to increase its product portfolio by investing USD 25 million in the next financial year.
Three new digital solutions as part of its tax-compliant benefits product portfolio hasbeen introduced by the company.
Zeta CEO and co-founder Bhavin Turakhia said, “We have committed USD 19 million capital into Zeta in two rounds. We have planned a serious push as far as marketing is concerned. We will see investment of USD 25 million in the current and next fiscal, which will be used to scale up business”
The company offers tax savings to employees as per legal provisions on fuel reimbursements or allowances, mobile phone and Internet bill reimbursements and books and periodicals reimbursements through e-solutions.
Using a MasterCard-powered physical Super Card, an NFC enabled sticker, Super Tag or the Zeta app, the HR managers can credit grants to all employees
While, Zeta’s cloud-based solution via a digital dashboard enable companies send grants to employees instantly.
More than 300 corporates ranging from start-ups to conglomerates across industries are using its solutions, according to the company.
Zeta, now serves 35,000 users across India, aims to reach one million users by April next year.
Zeta to invest USD 25 million in the next financial year
